This website uses cookies to help make it work better for you and to allow us to see how the site is used. Use the links on the right to accept and continue or find out more. If you choose not to accept cookies this message will remain.

Part time landlords purchase HMO through SPV with 85% LTV

09.09.15 Buy to let Mortgages Case Study

A couple, who are existing clients, approached us for helping in financing the purchase of an HMO in the Midlands with a deposit of only 15%. Whilst they both work full time in the fashion industry, they also own three rental properties, two of which are owned in an SPV limited company and one is owned personally.

In addition to the fact that very few lenders offer 85% LTV, the couple do not own their own home and only have just over a year’s landlord experience, so finding a provider that would be willing to lend could have proved challenging.

We managed to overcome these challenges by sourcing finance from a specialist lender which offered the following terms: